Mercury Systems (NASDAQ:MRCY) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.33-1.37 for the period, compared to the Thomson Reuters consensus estimate of $1.37. The company issued revenue guidance of $460-468 million, compared to the consensus revenue estimate of $472.71 million.Mercury Systems also updated its Q3 guidance to $0.33-0.35 EPS.
Several research firms have recently weighed in on MRCY. BidaskClub raised Mercury Systems from a sell rating to a hold rating in a research report on Wednesday, December 20th. Zacks Investment Research cut Mercury Systems from a strong-buy rating to a hold rating in a research report on Thursday, December 28th. SunTrust Banks reaffirmed a buy rating and set a $51.00 price objective on shares of Mercury Systems in a research report on Monday, October 2nd. Finally, Robert W. Baird reaffirmed a buy rating and set a $48.00 price objective on shares of Mercury Systems in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $53.33.
Shares of Mercury Systems (NASDAQ:MRCY) traded down $0.22 during midday trading on Tuesday, reaching $49.04. The company had a trading volume of 633,483 shares, compared to its average volume of 297,514. Mercury Systems has a 1 year low of $30.89 and a 1 year high of $55.00. The firm has a market capitalization of $2,370.00, a PE ratio of 57.02, a PEG ratio of 4.37 and a beta of 0.23.
In other Mercury Systems news, COO Didier M. C. Thibaud sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $49.52, for a total value of $173,320.00. Following the sale, the chief operating officer now owns 379,940 shares in the company, valued at $18,814,628.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Aslett sold 4,800 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $49.92, for a total value of $239,616.00. Following the completion of the sale, the chief executive officer now owns 509,782 shares in the company, valued at approximately $25,448,317.44. The disclosure for this sale can be found here. Insiders have sold 65,800 shares of company stock valued at $3,351,345 over the last three months. Insiders own 3.50% of the company’s stock.
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Mercury Systems Company Profile
Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.
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